Bahrain's IIFM plans to issue global guidelines for sukuk

  • Share via facebook
  • Tweet this
  • Bookmark and Share
SUKUK GUIDELINES: Shariah-compliant bonds are typically backed by assets and pay a share of profit instead of interest (Getty Images)

SUKUK GUIDELINES: Shariah-compliant bonds are typically backed by assets and pay a share of profit instead of interest (Getty Images)

The International Islamic Financial Market, a Bahrain-based agency seeking to set standards for Islamic securities, may issue global guidelines in the next 12 to 18 months to facilitate the sale of sukuk, an official said.

“We are working on a sukuk master agreement based on asset-backed structures,” IIFM’s chairman Khalid Hamad said in an interview in Manama on Monday.

The guidelines will “help boost confidence in the sukuk industry, leading to more sukuk sales and attracting more investors.”

Shariah-compliant bonds are typically backed by assets and pay a share of profit instead of interest.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
The flood gates open

The flood gates open

Turkey’s new fondness for sukuk has been met with increasing...

"Sleeping giant" debt market awakes in Saudi Arabia

After years in which the growth of Saudi Arabia's bond market...

Gulf bond issuers see opportunity in Malaysia

Gulf bond issuers see opportunity in Malaysia

Gulf looks to tap Malaysian investors with ringgit issues; country...

Most Popular
Most Discussed